I have read a fair amount about GRR. I understand its producing premium IO pellets from a mine with plenty of life in it, that it has low CAPEX , long term supply contracts with the major shareholder, a declining A$, a large realizable stockpile, no debt, and a lot of money in the bank --- but, despite all of those positives, no dividend. Given the position/business of the major shareholder, it doesn't look like an obvious takeover target. Where to for this company from here?
Is GRR making money at current IO prices? The reported break even costs for GRR that i have seen range from a low of US$50 per ton to (at the absurd end) US$80 per ton. But I have also read that these don't allow for the premium. What do others really think the true break even figure is?
Finally, if I want to keep in touch with the IO price most relevant to GRR, were do I find it? Frankly, not sure exactly what to look for or best place to find it - I know that a Metals Bulletin subscription is out of the question! Thanks in advance.
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37.5¢ |
Change
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Mkt cap ! $434.0M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 29999 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 61833 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 29999 | 0.375 |
3 | 520168 | 0.370 |
4 | 90923 | 0.365 |
5 | 69383 | 0.360 |
6 | 263318 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 61833 | 4 |
0.385 | 122213 | 10 |
0.390 | 132450 | 8 |
0.395 | 173428 | 4 |
0.400 | 151072 | 14 |
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